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	<title>Free betting tips &#38; picks &#187; Probabilities</title>
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		<title>Probability based on the odds</title>
		<link>http://pro-tips.net/probability-based-on-the-odds.html</link>
		<comments>http://pro-tips.net/probability-based-on-the-odds.html#comments</comments>
		<pubDate>Wed, 21 Jan 2009 18:00:59 +0000</pubDate>
		<dc:creator>N Todorov</dc:creator>
				<category><![CDATA[Betting Tools]]></category>
		<category><![CDATA[Odds]]></category>
		<category><![CDATA[Probabilities]]></category>

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		<description><![CDATA[Here`s how to calculate the probability based on bookmaker`s odds: The example is with a game from Euro 2008 &#8211; Switzerland vs Czech republic. The odds are: 1X2 &#8211; 2.87&#124;3.20&#124;2.37 Index 1 (for home win) = 1/2.87 = 0.34843206 (34.84% in percentages) Index 2 (for draw) = 1/3.20 = 0.3125 (31.25% in percentages) Index 3 [...]]]></description>
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